Charisma Energy Services Limited announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenue of $5,590,000 against $5,899,000 a year ago. Loss from operating activities was $31,636,000 against $5,431,000 a year ago. Loss before taxation was $34,632,000 against $6,767,000 a year ago. Loss was $34,669,000 against $6,752,000 a year ago. Net cash generated from operating activities was $2,987,000 against $4,003,000 a year ago. This was mainly due to cash generated from the operations of the group. Purchase of plant and equipment was $13,464,000 against $5,112,000 a year ago. LPS based on fully diluted basis was 0.26 cents against 0.05 cents a year ago. The group's revenue decreased mainly due to reduction in the charter rates of the group's vessels, offset by project management revenue generated from the group's joint venture in India.

For the year, the company reported revenue of $19,834,000 against $24,537,000 a year ago. Loss from operating activities was $26,421,000 against profit from operating activities of $4,703,000 a year ago. Loss before taxation was $31,346,000 against profit before taxation of $1,238,000 a year ago. Loss was $31,358,000 against profit of $1,255,000 a year ago. Net cash generated from operating activities was $5,338,000 against $12,797,000 a year ago. This was mainly due to cash generated from the operations of the group. Purchase of plant and equipment was $18,325,000 against $7,440,000 a year ago. LPS based on fully diluted basis was 0.24 cents against EPS based on fully diluted basis of 0.01 cents a year ago.

The company reported impairment of plant and equipment of $30,733,000 for the fourth quarter 2017 against $7,000,000 a year ago.